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As on: Sep 26, 2020 07:12 PM
Precious Metals Preview: Gold Sees Muted Action As Equities Soar
16-Jan-20   09:08 Hrs IST
COMEX Gold saw some gains but the sentiment was rather tepid for the metal as US stock indexes have hit new highs, with the Dow Jones Industrial Average, closing above 29,000 for the first time. The S&P 500 also closed at a new high as the US and China signed a deal aimed at easing tensions between the two economic giants. COMEX Gold has recovered from a two week low but gains in equities are capping the upside. The metal currently lingers at $1556 per ounce, up marginally on the day. MCX Gold futures closed at Rs 39600 per 10 grams, up 0.39% on the day and should see a choppy action today.

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